Answer:
The consolidated net income is $ 336,900.
Explanation:
Dane’s income from own operations = $216,000
Carlton’s income = $98,500
Eliminate intra-entity interest income = $(22,860)
Eliminate intra-entity interest expense = $23,760
Recognize retirement gain on debt = $230,000 - $208,500
= $21,500
Consolidated net income = $216,000 + $98,500 - $22,860 + $23,760 + $21,500 = $ 336,900
Therefore, The consolidated net income is $ 336,900.